Zicom business restructuring to focus on high growth sunrise sectors

Zicom Electronic Security Systems, India`s leading electronic security solutions providers, has announced strategic restructuring in its business model to refresh its focus on the home & SME electronic security markets and its Middle East Operations, while also moving into high growth sunrise sectors.


The electronic security major has been operating in all segments of the market since its inception in 1995, be it institutional, government, home or retail. The institutional and government business of the company is represented by Building Solutions Group (BSG) and Special Project Group (SPG) while the SME business is represented by Zicom Retail Pvt. Ltd and the fire business by Unisafe Fire Protection Services LLC, Dubai.

In order to improve focus on the retail segment which is expected to deliver high growth with higher margins, Zicom has signed a Business Transfer Agreement with Schneider Electric for the integration business comprising of BSG & SPG business which caters to institutional & government markets.


Source :www.biginfotech.in

Sharon Bio-Medicine grants options

The compensation committee of Sharon Bio-Medicine in its meeting on 04 January 2010 has granted 231,103 options to various employees / directors under Sharon ESOS 2010.






Source :www.biginfotech.in

Sicagen India enters share purchase agreement

Sicagen India has announced that the company has entered into a share purchase agreement (SPA) on 04 March 2010, for completion of the sale of its investments held in SDB Cisco (India) Ltd as stated therein. In terms of the SPA, the company and the acquirer shall, subject to the fulfillment of certain conditions precedent as stated therein, complete the sale and purchase of all of the shares held by the company in SDB Cisco (India) Ltd. The SPA provides for the total consideration to be paid for the sale and contains other covenants as are typical to transactions of this nature.








Source :www.biginfotech.in

United Bank of India IPO receives subscription of 33.38 times

The Initial Public Offering (IPO) of United Bank of India received excellent response from wide spectrum of investors with the issue receiving subscription of 33.38 times.

The IPO has received total bids for 1668850900 equity shares against the offer of 50000000 equity shares. The issue received bids for 127297600 equity shares at cut-off price.



The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 47.0824 times with bids for 1341847100 equity shares against the offer of 28500000 equity shares.

The Non Institutional Investors portion of the issue has received bids for 185974500 equity shares against the offer of 4750000 equity shares resulting in a subscription of 39.1525 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 9.8038 times with bids for 139704100 equity shares against the offer of 14250000 equity shares.

The Employee Reservation portion received bids for 0.5301 times with bids for 1325200 equity shares against the offer of 2500000 equity shares.




Source :www.biginfotech.in

Edserv Softsystems to raise funds

The board of Edserv Softsystems in its meeting on 03 March 2010 has approved to raise funds not exceeding a sum of Rs. 130 crore through Qualified Institutions Placement (QIP).

Further, the board has approved the proposal to increase the authorised capital of the company from Rs. 14 crore to Rs. 25 crore.

Source :www.biginfotech.in

Anukaran Commercial Enterprises changes its name

The members of Anukaran Commercial Enterprises have accorded to change the name of the company from Anukaran Commercial Enterprises to ACL Project.

Source :www.biginfotech.in

CHD Developers announces the launch of Rs. 350 crore residential project

CHD Developers has announced the launch of a latest group housing project in National Capital Region (NCR) worth Rs. 350 crore. The project is centrally located at sector 71, Sohna Road, Gurgaon, Haryana and spread across an area of 16.50 acres and a licence from Department of Town & Country Planning, Haryana has already been obtained.

Source :www.biginfotech.in

Falcon Tyres to increase authorised capital

 The members of Falcon Tyres have approved to increase the authorised capital from Rs. 23.50 crore to Rs. 100 crore.Further, the members have approved to increase the borrowing powers to Rs. 3000 crore.

Source :www.biginfotech.in

Transgene files 2 patents for liver and breast cancer drugs

Transgene Biotek has filed 2 patents for its cancer drug technologies based on its proprietary RNAi platform. The first patent, for a liver cancer drug was filed following excellent results demonstrated in the latest animal studies and it covers a novel technology that employs an AAV vector system genetically modified by Transgene to efficiently express specific microRNA that silence a particular metastasis-promoting gene in liver cancer cells. Liver cancer is the fifth most common cancer in the world and the third most common cause of cancer mortality.

Grabal Alok Impex allots equity shares

The committee of Grabal Alok Impex in its meeting on 03 March 2010 has allotted 6,50,000 equity shares of the face value of Rs. 10 each on conversion of 26 FCCBs of US$ 25000, aggregating to US$ 0.65 million.

Source :www.biginfotech.in

ICSA India allots equity shares

The board of ICSA India in its meeting on 03 March 2010 has allotted 1,74,999 equity shares of Rs 2 each on conversion of 35% of the employee stock options issued under ESOP (2007) scheme.

Accordingly the revised share capital of the company after the present allotment consists of 4,72,88,488 equity shares of Rs 2 each.

Source :www.biginfotech.in

Ballarpur Industries to issue & allot equity shares & bonds

The shareholders of Ballarpur Industries have approved the issue and allotment of 450 lakh equity shares of the face value of Rs. 2 each of the company to the promoter on preferential basis.

Further, the shareholders have approved the issue and allotment of 550 lakh unsecured zero coupon compulsory convertible bonds (ZCB) at an issue price of Rs. 30 per ZCB to the promoter on preferential basis.

Source :www.biginfotech.in

Patni Computer Systems allots equity shares

The committee of Patni Computer Systems on 26 February 2010 has allotted 6,600 equity shares of par value of Rs. 2 each to certain employees, pursuant to the exercise of options granted to them under company`s stock option plan.

Source :www.biginfotech.in

Nexxoft Infotel to raise funds

The board of Nexxoft Infotel in its meeting on 27 February 2010 has approved to raise funds by way of preferential allotment of shares.

The board has approved to issue and allot 14 lakh equity shares of Rs. 10 each to promoters and 21 lakh equity shares of Rs. 10 each to the persons / entities other than the promoters.

Source :www.biginfotech.in

BGR Energy Systems secures contracts

The air fin cooler division of BGR Energy Systems has secured four contracts for design, engineering and supply of air cooled heat exchangers, aggregating to Rs. 62.20 crore. Two contracts have been secured from Indian Oil Corporation for 15 MMTPA grass root refinery being set up at Paradip, Orissa and another contract from Jindal Steel and Power for 12.5 MTPA integrated steel plant being built at Angul in Orissa and another contract from Technip KT for hydrogen generation unit and diesel hydra-treating unit of the HPCL refinery.

Tata`s Corus sells stake in tar distillation plant

Tata Steel`s European unit Corus and Cindu BV, shareholders in Cindu Chemicals BV on 01 March 2010 have sold their shares in Cindu Chemicals to Koppers International BV, a wholly owned subsidiary of Koppers Holdings Inc, for an undisclosed consideration.

Cindu Chemicals, a 50/50 joint venture between Corus Staal BV and Cindu BV, operates a 140,000 metric tpa tar distillation plant in Uithoorn, in the Netherlands. Tar processing is not a core activity for Corus and this transaction secures a future for the business outside the company while at the same time ensuring that the coal tar generated at the Umuiden steelworks will be sold to a stable business partner under a long-term arrangement.

Source :www.biginfotech.in

KNR Constructions` joint venture secures order

KNR Constructions has announced that the company`s joint venture has been awarded by Government of Bihar, Water Resources Department an order worth Rs 225.27 crore towards all works (including canal system & buildings) under E.R.M. (extension, renovation & modernisation) of Eastern Kosi Canal System in the State of Bihar.

Source :www.biginfotech.in

NecLife raises fund

Nectar Lifesciences (NecLife) on 20 February 2010 has announced that the company has approved the allotment of 26 million equity shares at a price of Rs. 35 per share on preferential basis to NSR Direct PE Mauritius, LLC for raising Rs. 910 million.

Further, the company on 26 February 2010 has issued 46 million GDRs, each representing 1 equity share of Re. 1 each in the share capital of the company.

Source :www.biginfotech.in

Ashiana Housing launches phase-I of Rangoli Gardens project

Ashiana Housing has launched phase-I of Rangoli Gardens project in Jaipur in which booking of units are open. Phase-I of this project consists of 200 units equivalent to 2,74,800 sq. ft. saleable area. Phase-I is expected to be handed over in second half of calendar year 2012. Rangoli Gardens is a project being developed in partnership with Manglam Group of Jaipur.

Source :www.biginfotech.in

MK Exim India to increase authorised share capital

The board of MK Exim India in its meeting on 27 February 2010 has decided to increase the authorised share capital of the company from Rs. 6 crore to Rs. 15 crore.

The board has decided to issue equity shares on preferential basis to existing promoters to the tune of Rs. 3 crore and to non-promoter to the tune of Rs. 6 crore.

Source :www.biginfotech.in

Compuage Infocom allots warrants

The board of Compuage Infocom in its meeting on 02 March 2010 has allotted 18 lakh equity warrants to Atul H. Mehta (9 lakh warrants) and Bhavesh H. Mehta (9 lakh warrants).

Source :www.biginfotech.in

Marg`s subsidiary enters into agreement with India Infrastructure Fund

Karaikal Port (KPPL), a wholly owned subsidiary of Marg has entered into an shareholders agreement and share subscription agreement with India Infrastructure Fund on 01 March 2010 for a proposed investment of Rs. 150 crore in KPPL.

Source :www.biginfotech.in

D. B. Corp declares interim dividend

The board of D. B. Corp in its meeting on 02 March 2010 has declared interim dividend at the rate of Re 0.75 per share (7.5%) for the financial year 2009-10.

Source :www.biginfotech.in

ACC produces 1.72 million tonnes of cement during February 2010

ACC produced 1.72 million tonnes of cement and dispatched 1.71 million tonnes of cement during February 2010 as compared to 1.74 million tonnes produced and 1.75 million tonnes dispatched during February 2009.

Source :www.biginfotech.in

Government of India appoints A. K. Dutt as director of Dena Bank

Dena Bank has announced that Central Government, in consultation with the Reserve Bank of India, vide notification dated 25 January 2010 has appointed A. K. Dutt, as whole time director (designated as executive director) of Dena Bank with effect from 01 March 2010.




Source :www.biginfotech.in

Cadila Healthcare to increase authorised share capital

The extraordinary general meeting of Cadila Healthcare will be held on 22 March 2010 to increase the authorised share capital from existing Rs. 70 crore to Rs. 110 crore.

Source :www.biginfotech.in

Maruti Suzuki India sells 96,650 vehicles in February 2010

Car market leader Maruti Suzuki India has sold a total of 96,650 vehicles in February 2010. This includes 11,885 units of exports. This is the highest ever total monthly sales in the company`s history. The company has sold a total of 79,190 vehicles in February 2009.

In February 2010, the company sold 84,765 units in the domestic market, up 20 per cent over corresponding month last year. This is the highest ever domestic sales in a month. The previous highest monthly domestic sale was 81,087 units, in January 2010.

Source :www.biginfotech.in

Steel Strips Wheels sells 7,03,732 wheel rims in February 2010

Steel Strips Wheels has achieved sales of 7,03,732 wheel rims during the month of February, 2010 as against 4,76,859 wheel rims during the month of February, 2009, recording a growth of 47.57%. The company has also achieved a production of 7,02,998 wheel rims during February, 2010 as against 4,67,834 during February, 2009 recording a growth of 50.33%.

The company has achieved the highest ever export sales of 56324 wheel rims during the month of February, 2010 as against export sales of 43161 wheel rims, the previous highest ever export sales, during the month of July, 2009, recording a growth of 30.50%.

Source :www.biginfotech.in

Ramco Systems grants stock options

The committee of Ramco Systems in its meeting on 02 March 2010 has approved the grant of 9,55,550 stock options convertible into equal number of shares of Rs. 10 each to the eligible employees of the company and its subsidiaries under ESOP, 2009 - plan A and ESOP, 2009 - plan B.

Source :www.biginfotech.in

EdServ acquires Smartlear WebTV

EdServ has signed a letter of intent with SmartLearn WebTV, a company specialising in e-learning offering for IIT JEE and AIEEE aspirants. This is EdServs third acquisition in the last 6 months and immediately follows last weeks acquisition of Hyderabad based Education ERP provider SchoolMATE. Last September, EdServ acquired 2tion.com to expand its presence into the online tuition services space.

Source :www.biginfotech.in

LCC Infotech joins hands with BSS, Government of India

LCC Infotech has joined hands with BSS (Bharat Sevak Samaj), a national development agency promoted and sponsored by the Planning Commission of India, Government of India, New Delhi. The constitution and functioning of BSS has been unanimously approved by the Indian Parliament and was founded in 1952 by Pandit Jawaharlal Nehru. BSS is currently operating over 5000 training centers.

Welspun Gujarat bags orders

Welspun Gujarat Stahl Rohren (Welspun), the flagship company of the $3000 million Welspun Group and the second largest line pipe company in the world has recently won orders worth Rs. 600 crore for pipes and plates from its prestigious global clients. These orders include orders of specialized plates received from large wind mill manufacturers thereby reinforcing Welspuns premium positioning in plate manufacturing.

With the addition of these orders, the current order book of the company stands at Rs. 7,200 crore including the orders being executed in the current quarter.

Source :www.biginfotech.in

Twilight Litaka Pharma to issue & allot warrants

The members of Twilight Litaka Pharma have accorded to issue and allot 35 lakh convertible warrants at a issue price of Rs. 86 per warrant with a option to subscribe one equity shares of Rs. 5 each on preferential allotment basis.

The members have accorded the board to issue and allot equity shares though GDR / ADR / debenture or bonds or any other financial instruments or such other securities for a total amount not exceeding US$ 30 million.

Source :www.biginfotech.in

Hindustan Dorr Oliver acquires DavyMarkham

Hindustan Dorr Oliver (HDO), a subsidiary of IVRCL Infrastructures and Projects has acquired sheffield based, heavy engineering concern DavyMarkham. The acquisition provides HDO an entry into the heavy engineering space.

Source :www.biginfotech.in

Era Infra Engineering has secured contract for main plant, CW, make-up, offsite civil works chimney and chimney elevator package for Nabinagar Thermal Power Project (4x250 MW) at Nabinagar, District Aurangabad, Bihar from Bharatiya Rail Bijlee company for Rs. 369.70 crore.

 The company has secured cast in Situ RCC Bored Piling in SMS III complex at BSP, Bhilai valued at Rs. 59.48 crore from Steel Authority of India, Bhilai.

Reliance Media gets into alliance with OnMobile Global

Reliance Media World`s radio division BIG 92.7 FM has entered into a partnership with India`s largest telecom VAS provider, OnMobile Global to launch the radio experience on the mobile platform. For the first time in India, BIG Mobile Radio will give mobile users the option to listen to 17 multi-lingual specially programmed channels.

Source :www.biginfotech.in

Take Solutions enters into a strategic partnership with Liquent Inc

Take Solutions has announced a partnership with Liquent Inc, a life sciences solutions company. The agreement entails Take Solutions to provide fully outsourced publishing capabilities through a combination of offshore resources, onshore industry expects and onsite specialists, all the while providing regulatory services along with Liquent to increase efficiencies to the market.

Renowned for its in-depth understanding of industry, business challenges and proven track record of providing intelligent and innovative clinical regulatory solutions; Liquent Inc has selected TAKE Solutions as a strategic business partner. This reinforces TAKE`s dominance in the life sciences products and services space and also enhances its reputation as a significant business process outsourcing player in the sector.

Source :www.biginfotech.in

IDFC grants options

Infrastructure Development Finance Company (IDFC) on 26 February 2010 has granted 25,000 options equivalent to 25,000 equity shares at a price of Rs 159.60 per equity share to its employees, pursuant to IDFC Employee Stock Option Scheme (2007).

Source :www.biginfotech.in

Nila Infrastructures to increase authorised share capital

The members of Nila Infrastructures have approved to increase the authorised share capital of the company from Rs. 13 crore to Rs. 33 crore.

Source :www.biginfotech.in

Asian Hotels issues equity shares

The board of Asian Hotels in its meeting on 28 February 2010 has approved the issuance of 1,14,01,782 equity shares, pursuant to scheme of arrangement and demerger.




Source :www.biginfotech.in

Interlink Petroleum to issue & allot equity shares

The committee meeting of Interlink Petroleum will be held on 04 March 2010 to consider issue and allotment of equity shares of the company on preferential basis.




Source :www.biginfotech.in

Ambica Agarbathies & Aroma Industries to issue equity shares

The board of Ambica Agarbathies & Aroma Industries in its meeting on 27 February 2010 has decided to offer 8 lakh equity shares on preferential basis to promoters and promoter groups.

Source :www.biginfotech.in

Indian Oil Corporation`s chairman tenure ends

Indian Oil Corporation (IOC) has announced that S. Behuria, chairman of the company on conclusion of his tenure of 5 years on 28 February 2010, he ceased to be the chairman of Indian Oil with effect from 01 March 2010.




Source :www.biginfotech.in

Saamya Biotech India allots warrants

The board of Saamya Biotech India in its meeting on 27 February 2010 has allotted 150 lakh convertible warrants of Rs. 10 each to promoters / promoter group.

Source :www.biginfotech.in

Redington (India) allots equity shares

The committee of Redington (India) on 27 February 2010 has approved the allotment of 4,200 equity shares of Rs. 10 each at a premium of Rs. 120 per share, pursuant to exercise of options granted under Redington (India) - Employee Stock Option Plan (2008).

Source :www.biginfotech.in

Almondz Global Securities to issue & allot warrants

The members of Almondz Global Securities have accorded to issue and allot 61,35,000 warrants of face value of Rs 6 each on preferentail basis.

Source :www.biginfotech.in

Indo Asian Fusegear`s board approves allotment of warrants

The board of Indo Asian Fusegear in its meeting on 27 February 2010 has approved the allotment of 16,45,000 zero coupon convertible warrants, each warrant convertible into one equity share of Rs. 10 each at a price of Rs. 50 on preferential basis by private placement to promoters of the company.

Source :www.biginfotech.in

Bhushan Steel to set up a value added steel plant in Karnataka

Bhushan Steel has announced that the company has decided to set up a value added steel plant in the State of Karnataka with a production capacity of 0.6 million TPA with the total investment of approximately Rs. 28000 crore.




Source :www.biginfotech.in

Kotak Mahindra Bank allots equity shares

The committee of Kotak Mahindra Bank in its meeting on 26 February 2010 has allotted 61,854 equity shares of Rs. 10 each, pursuant to exercise of Employee Stock Option Scheme.




Source :www.biginfotech.in

BEML & Kamaz Vectra signs MoA to develop commercial vehicles

BEML and Kamaz Vectra Motors have signed a Memorandum of Agreement (MoA) for mutual business co-operation and development on 25 February 2010. By this strategic alliance, BEML and Kamaz Vectra will develop and supply 4x4 stallion type of vehicles for on-road application satisfying the specifications of defence forces, paramilitary and police forces.

Source :www.biginfotech.in

Twinstar Industries to issue & allot equity shares

The extraordinary general meeting of Twinstar Industries will be held on 22 March 2010 to issue & allot 50 lakh equity shares of face value of Rs 10 each on preferential allotment basis.

Source :www.biginfotech.in

Dhruvi Securities becomes subsidiary of GMR Infrastructure

GMR Infrastructure has announced that Dhruvi Securities has become the subsidiary of GMR Infrastructure.

Source :www.biginfotech.in

Chembond Chemicals to increase authorised capital

The members of Chembond Chemicals have accorded to increase the authorised capital from Rs 5 crore to Rs 10 crore.

Source :www.biginfotech.in

Global Vectra Helicorp to increase authorised share capital

The members of Global Vectra Helicorp have accorded to increase the authorised share capital of the company from Rs 25 crore to Rs 95 crore.

Source :www.biginfotech.in

Arihant Superstructures to issue equity shares

The board of Arihant Superstructures in its meeting on 23 February 2010 has approved the issue of 14,691,000 equity shares of Rs. 10 each on rights basis in the ratio of 59 equity shares for every 1 equity share held.

Source :www.biginfotech.in